Time for value check

Few years back, it was considered for a job seeker to be lucky if they landed with a high paid job offer. It is well known that companies like Lehman Brothers paid salaries which defied the gravity rules and so did many other companies trying to grab the so called “best talent”. At the same time, we attribute the best paid companies with the word “Professional”.
It is a fashion that we call ourselves professional without knowing what does that word mean. In my view, professional is a person who is “heartless”. Someone, who can take decisions without taking into consideration emotions, relations and with a sole motive of bringing better profits to his organization, or himself, is called a professional.
The same company who picks up “talents” at any cost and do not think twice before giving counter offer to the candidates if they get a better offer elsewhere are equally quick in handing over pink slips when it comes to that. This professionalism is not what Indians are ready to accept. Almost every one of us wants the better part of the professionalism of never ending higher pay packages and never ending better offers. The underbelly of pink slips is not what anyone is used to accepting even till this date.

“ The definition of “Profit is the reward for risk bearing” is not applicable to the mind of job seekers. “

The definition of “Profit is the reward for risk bearing” is not applicable to the mind of job seekers. Every employee wants no risk, but the highest profit and highest increase. In reality, each one of us is selling their skills to our employer who in turn pays us every month in return for that skill and the value generation. The day, this skill or value generation is not needed or reduced; every business man has the right to move on with the next option. This is what US and Europe had been facing all long and higher salaries were always related to higher risks. In India, we see higher profits on jobs as part of our right with no compulsion to prove the value for money being paid out.
Unfortunately the laws of business would prevail here too and we will see a lot of pink slips for those individuals who cannot prove their value in their organizations. It is not a bad time, but time for value check.

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Picture Credits : 4.bp.blogspot.com,For representational purposes only

Alok Kumar

Alok Kumar is Managing Partner of SRKay Consulting group, a private equity company, nurturing innovative ventures. Alok also serves on the board of ICCL (Indian Clearing Corporation Limited - A subsidiary of BSE- Bombay Stock Exchange) as an external advisor for technology and information security. Prior to this, Alok had been Managing Director of Sears IT & Management Services India Private Limited (SHI) since its inception in December 2009 and served in the same position till very recently. Having been in senior IT management positions in Fortune 500 companies, Alok has won several national and international awards. Alok is instrumental in planning and setting up SHI and thereafter growing it to a multi-locational thousand-plus people organization. Over the last five years, with his strategic vision, Alok helped SHI grow roots in India, develop and support technology applications and infrastructure across core mainframe, cutting edge e-Commerce and big data technologies. With his unique people-oriented transformational leadership style, Alok turned SHI into one of the most valued investments of Sears, garnering great ROIs, and creating value much beyond cost arbitrage. Under his tutelage, SHI has filed two patents and is recognized widely for its best practices in various areas, the latter, currently featured in Indian Institute of Management (IIM) case studies. SHI also became a CMMI Level 3, PCMM Level 3, and ISO 20000 certified organization. Alok is a widely acclaimed corporate leader in India today. He regularly participates and leads various forums as a keynote speaker and is an author of several books in different genres. Alok has several awards to his credit. He is particularly known in the industry for his people management skills and innovative ideas in improving the productivity of employees through unique people practices. He has been credited with the following industry awards: ¬ Emerging Leader of the Year award 2013 by IndiasGreatest.com ¬ Game Changer CEO of the Year 2013 (SHRM) ¬ CIO 100 - The Bold CIOs - 2008 (Reliance Infosolutions) ¬ CIO - Ones to Watch Award 2008 (Reliance Industries) ¬ Extended Manager Award - CIOL 2004 (Tata Teleservices) As an able leader of SHI, Alok got SHI recognized widely in the industry with the following several awards: ¬ CII Award for HR Best Practices in 2014 ¬ Global Excellence in Outsourcing Award - AIOP (Phoenix 2013) ¬ IT Innovation Award (Design & Engineering) - Computer Society of India 2012 ¬ Golden Company of the Year - Economic Times 2011-12 ¬ 7th Employer Branding Awards - World HRD Congress (Mumbai, India) 2013: • ‘Asia’s Best Employer’ Award • ‘Best HR Strategy’ in line with business • HR Leadership Award • Talent Management Award by Bloomberg TV India ¬ Employer Branding Awards - World HRD Congress (Singapore, Asia) 2013: • 7th rank in ‘Asia’s Best Employer’ award • Award for ‘Best HR Strategy’ in line with the business • HR Leadership Award Other recognitions: Alok had served on the distinguished panel of NASSCOM's GIC (Global In-house Centers) National Council members. The council members play a key role in major initiatives of the industry and include the torch bearers of IT industry as panel members. Books and Papers: Alok is an established author, with three books to his credit. Alok’s third and latest book, a novel, “The Spy from Unaula” is a 2015 publication. A handwriting analysis enthusiast, Alok collaborated with his wife Nandani on the book, “Handwriting Speaks” in 2006. “Value Sourcing – Future of IT Outsourcing” was co-authored with Keith Sherwell (currently CIO, Altice USA) and was released in 2013. Alok also researched and published two whitepapers: a. “Creating next generation captives” talks about the best practices that are helping generate higher value from the IT company captives.

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